431,698 Shares in Bank of America Corporation $BAC Bought by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in shares of Bank of America Corporation (NYSE:BAC) during the 3rd quarter, Holdings Channel reports. The fund purchased 431,698 shares of the financial services provider’s stock, valued at approximately $23,497,000.

Several other hedge funds have also added to or reduced their stakes in the company. Investment Partners LTD. grew its stake in Bank of America by 52.2% in the third quarter. Investment Partners LTD. now owns 11,380 shares of the financial services provider’s stock valued at $619,000 after acquiring an additional 3,904 shares during the period. Summit Global Investments raised its position in shares of Bank of America by 30.9% during the third quarter. Summit Global Investments now owns 88,286 shares of the financial services provider’s stock worth $4,805,000 after purchasing an additional 20,831 shares during the period. Invera Wealth Advisors LLC raised its position in shares of Bank of America by 8.1% during the third quarter. Invera Wealth Advisors LLC now owns 8,211 shares of the financial services provider’s stock worth $447,000 after purchasing an additional 612 shares during the period. MGO One Seven LLC raised its position in shares of Bank of America by 7.3% during the third quarter. MGO One Seven LLC now owns 124,504 shares of the financial services provider’s stock worth $6,777,000 after purchasing an additional 8,521 shares during the period. Finally, Americana Partners LLC lifted its holdings in shares of Bank of America by 5.9% during the 3rd quarter. Americana Partners LLC now owns 51,081 shares of the financial services provider’s stock valued at $2,780,000 after purchasing an additional 2,836 shares in the last quarter. Institutional investors own 70.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BAC. Rothschild & Co Redburn set a $72.00 price objective on Bank of America in a research report on Tuesday, October 6th. UBS Group cut their price target on shares of Bank of America from $70.00 to $67.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a report on Monday, October 19th. Robert W. Baird raised shares of Bank of America from a “neutral” rating to an “outperform” rating and set a $62.00 price objective for the company in a research report on Thursday, October 15th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Bank of America from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.70.

Bank of America News Roundup

Here are the key news stories impacting Bank of America this week:

• Positive Sentiment: Bank of America’s market commentary remains constructive on several growth initiatives. Analysts point to branch expansion and artificial-intelligence investments as potential drivers of deposit growth, stronger customer relationships and improved efficiency. Can BAC’s Branch Expansion & AI Push Drive Long-Term Growth?
• Positive Sentiment: Bank of America expanded its physical banking presence by opening new financial centers in Wisconsin, supporting its long-term strategy to deepen retail relationships and gather deposits. Bank of America expands in-person reach with new financial centers in Wisconsin
• Neutral Sentiment: Bank of America’s investment strategists highlighted technology-company bonds as potentially more attractive than tech stocks, reflecting a broader shift toward credit and quality assets. The view may benefit the bank’s investment-banking and fixed-income businesses, but it does not directly change BAC’s earnings outlook. Tech Bonds Are ‘Diamonds in the Rough’: Bank of America’s Hartnett Says
• Negative Sentiment: Senator Elizabeth Warren urged the Justice Department to investigate Bank of America and potentially its executives over alleged anti-money-laundering and sanctions violations. The pressure follows a reported $1.21 billion penalty and raises concerns about additional fines, remediation costs and reputational damage. Warren urges DOJ criminal probe of Bank of America over anti-money-laundering violations
• Negative Sentiment: Multiple law firms promoted a securities-fraud class action covering investors who purchased BAC shares from August 1, 2025, through October 13, 2026. The repeated notices and December 15, 2026 lead-plaintiff deadline reinforce near-term litigation overhang, although the allegations have not been adjudicated. ROSEN securities class action notice
• Negative Sentiment: Bank of America was also sued over its use of mandatory arbitration in employee disputes, adding another legal and compliance concern for investors. Bank of America sued over mandatory arbitration for employee disputes

Bank of America Stock Performance

BAC opened at $50.03 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.17. Bank of America Corporation has a 12-month low of $46.12 and a 12-month high of $65.22. The business has a 50 day moving average of $56.44 and a 200-day moving average of $54.96. The stock has a market cap of $349.85 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 0.87 and a beta of 1.21.

Bank of America (NYSE:BAC) last issued its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.02). The company had revenue of $29.96 billion for the quarter, compared to analyst estimates of $30.58 billion. Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $1.06 earnings per share. On average, equities research analysts expect that Bank of America Corporation will post 4.52 earnings per share for the current year.

Bank of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Friday, December 4th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.28 annualized dividend and a dividend yield of 2.6%. Bank of America’s dividend payout ratio is currently 30.40%.

Bank of America Profile

Bank of America Corporation (NYSE: BAC) is a diversified financial services company headquartered in Charlotte, North Carolina. It provides banking, lending, investment, payments and financial management services to consumers, businesses, institutional investors and governments.

The company’s consumer banking operations offer checking and savings accounts, credit cards, mortgages, home equity lending, auto loans and other consumer financial products. Through Merrill, Bank of America provides wealth management, investment advisory, brokerage and retirement services.